HP Inc. has named Emma Walmsley, the former chief executive of pharmaceutical company GSK, as its new CEO, effective January 4, 2027.
The leadership changes
- Walmsley replaces interim CEO Bruce Broussard, who will become chair of the board.
- Broussard succeeds Chip Bergh as chair.
- HP shares rose more than 6% after the announcement.
The business backdrop
- HP's third-quarter PC unit shipments fell 16%, while revenue rose.
- The company expects industry PC volumes to remain under pressure in fiscal 2027, as a shortage of memory chips affects the market.
Why it matters
Appointing a leader from outside the technology industry is an unusual choice for a major PC and printer maker. Walmsley led GSK through a major restructuring, experience HP may value as it deals with a difficult PC market and competition for components driven by demand from AI data centers.
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